Airlines open lower on higher oil, broad market sell-off

SAN FRANCISCO (MarketWatch) -- Airline stocks opened on a down note Tuesday, pressured by rising crude oil prices overnight and a downturn in the broad market. The Amex Airline Index
$xal
was down 1.1% in early action at 54.80 points, with low-cost carrier JetBlue Airways Corp.
JBLU, +1.98%
leading percentage decliners on a 3.3% fall to $14.25 a share. American Airlines parent AMR Corp.
AMR, -3.12%
was off 1.6% at $22.43 and Continental Airlines Inc.
CAL, +1.59%
was down 1.3% at $21.72. Mesa Air Group Inc.
mesa
was the only index component to advance, adding 3.6% to $11.89.

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